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Calculate closing book inventory at retail, given the following information: Opening inventory Retail $80,651 Net purchases $154,329 Net transfers $797 Gross sales $178,900 Customer
Calculate closing book inventory at retail, given the following information: Opening inventory Retail $80,651 Net purchases $154,329 Net transfers $797 Gross sales $178,900 Customer returns $11,430 Markdowns $12,760 Markdown cancellations $500 Employee discount $1,700 $60,761 $53,453 $66,607 $54,347
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